Market Update: Review of the European PPP Market in 2016
Sectors: Multisector, Multisector
Authors: European Investment Bank (EIB) European PPP Expertise Centre (EPEC)
Through the Market Updates, EPEC provides an overview of the PPP deals that reach financial close in the European market. Over 2016, 69 PPP transactions reached financial close for an aggregate value of EUR 12 billion. In number terms, the market increased by 41% compared to 2015. In value terms, the market decreased by 22% compared to 2015. The most active market was the UK (by value and number of projects). 10 countries closed at least one PPP project. Transport was the largest sector in value terms, whilst the education sector recorded the highest number of projects. Over 80% of the transactions closed were government-pay PPPs.
This publication covers:
- Transactions in EU-28 countries as well as Turkey and countries of the Western Balkans region (i.e. Albania, Bosnia-Herzegovina, FYROM, Kosovo, Montenegro and Serbia);
- Transactions structured as design-build-finance-operate (DBFO) or design-build-financemaintain (DBFM) or concession arrangements which feature a construction element, the provision of a public service and genuine risk sharing between the public and the private sector;
- Transactions financed through ‘project financing’ and that reached financial close in the relevant period; and - transactions of a value (see definition below) of at least €10 million.